S&P flat on negative breadth, rates remain higher
- The broader market is little changed, with no sectors showing any real
commitment to the upside.
- The S&P is flat and the Nasdaq is up 0.1%.
- The Dow, off 0.6%, is seeing more pressure after announcing it's
jettisoning Exxon, Pfizer and Raytheon, all significantly lower.
- Health Care (NYSEARCA:XLV) is the leading sector, up 0.5%. But that's
feeling the Dow effect as well, getting a boost from Amgen, up 5%, which
will replace Pfizer.
- Energy (NYSEARCA:XLE) is back in the basement after leading yesterday,
down
1.7%, hurt by Exxon. Crude futures are climbing, though, up 1.7%.
- Among the Fab 5 megacaps, Facebook is seeing the biggest gains after
announcing
new shopping moves. Apple is down.
- Interest rates have backed off of earlier highs. The 10-year Treasury
yield is at 0.69%, up more than 4 basis points.
|Today, 12:33 PM|6 Comments
- The broader market is little changed, with no sectors showing any real
commitment to the upside.
- The S&P is flat and the Nasdaq is up 0.1%.
- The Dow, off 0.6%, is seeing more pressure after announcing it's
jettisoning Exxon, Pfizer and Raytheon, all significantly lower.
- Health Care (NYSEARCA:XLV) is the leading sector, up 0.5%. But that's
feeling the Dow effect as well, getting a boost from Amgen, up 5%, which
will replace Pfizer.
- Energy (NYSEARCA:XLE) is back in the basement after leading yesterday,
down
1.7%, hurt by Exxon. Crude futures are climbing, though, up 1.7%.
- Among the Fab 5 megacaps, Facebook is seeing the biggest gains after
announcing
new shopping moves. Apple is down.
- Interest rates have backed off of earlier highs. The 10-year Treasury
yield is at 0.69%, up more than 4 basis points.
|Today, 12:33 PM|6 Comments
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